My understanding is not about the belongings but the liability coverage part that is usually included with the renter's insurance.

Housing characterized by 1-3 story buildings, but at a higher building coverage than R3 zones.

Also, insurance companies will insist you have a tenant in the property before they provide their most reasonably-priced coverage.  

Second part is a $1M umbrella coverage just in case.

I'll continue to upload photos of completed buildings and units as they are available and will also break it down by building for a more comprehensive look and to illustrate lessons learned in a more precise fashion.

Apparently they hadn't had an inspection in a while and had bare bones coverage.

The mortgage company will probably require that you carry a policy every year and will tell you how much coverage to purchase.

I suggest to my clients to carry water backup coverage and personal injury. 

It includes, among other things, a comprehensive map of the Cleveland area, grading each area from 'A+' down to 'F', using a consistent, objective and transparent methodology using publicly available data.

If so I would be suspicious since such policy coverage is based on driving record, credit rating, age, etc.